Cryptosat, Dfns Labs Break Boundaries With Crypto Keys In Low-Earth Orbit
Portfolio Pulse from Murtuza Merchant
Cryptosat has partnered with Dfns Labs to develop a Space Wallet, designed to secure high-value transactions using a threshold signature scheme with a satellite as a co-signer. The wallet is compatible with the Bitcoin blockchain and aims to reduce the risk of physical access-based attacks.
June 26, 2023 | 2:30 pm
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Cryptosat and Dfns Labs' Space Wallet could enhance Bitcoin's security by using a satellite-based co-signer for high-value transactions.
The Space Wallet is designed to enhance the security of high-value transactions on the Bitcoin blockchain by using a satellite-based co-signer. This could potentially attract more institutional investors and increase the demand for Bitcoin, leading to a positive short-term impact on its price.
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